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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax, Domestic and Foreign

Total income before income taxes, classified by source of income, was as follows:

			Year Ended December 31,
(in thousands)			2022						2021						2020
U.S.			$	409,666					$	355,408					$	38,475
Outside the U.S.			27,140						21,084						14,531
Income from continuing operations before income taxes			$	436,806					$	376,492					$	53,006

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes, classified by the timing and location of payment, was as follows:

			Year Ended December 31,
(in thousands)			2022						2021						2020
Current tax expense
Federal			103,275						$	71,573					$	14,345
State			20,068						15,605						4,303
Foreign			2,331						1,041						2,300
Deferred tax (benefit) expense
Federal			(18,974)						(2,690)						(12,333)
State			(4,163)						(1,254)						(1,953)
Foreign			2,117						3,260						(29,043)
Income tax expense (benefit)			$	104,654					$	87,535					$	(22,381)

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets as of December 31, 2022 were as follows:

			December 31,
(in thousands)			2022						2021
Deferred tax assets:
Accrued compensation			$	17,044					$	13,997
Deferred revenue			46,758						36,666
Receivable, net			8,599						11,776
Tax credits			16,379						14,217
Operating lease liabilities			19,715						6,621
Partnership interests			3,948						4,398
Foreign net operating losses			8,245						7,478
Non-U.S. intellectual property			17,642						21,402
Other			5,589						5,727
Total gross deferred tax assets			143,919						122,282
Less: Valuation allowance			(21,402)						(19,734)
Deferred tax assets			$	122,517					$	102,548
Deferred tax liabilities:
Property, equipment and intangible assets			$	(15,585)					$	(28,276)
Operating lease ROU assets			(17,703)						(4,350)
Other			(1,047)						(1,279)
Deferred tax liabilities			(34,335)						(33,905)
Net deferred tax assets			$	88,182					$	68,643

Schedule of Effective Income Tax Rate Reconciliation

The statutory United States federal income tax rate reconciles to the effective income tax rates for continuing operations as follows:

			Year Ended December 31,
			2022						2021						2020
Statutory U.S. federal income tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal tax benefit			3.0		%				3.1		%				4.6		%
Benefits related to foreign operations			0.1		%				(0.2)		%				(4.2)		%
Expenses (benefits) related to compensation, net			1.0		%				0.5		%				(5.8)		%
Unrecognized tax positions			0.2		%				0.2		%				4.7		%
International Reorganization			—		%				1.1		%				(65.2)		%
Tax credits			(1.5)		%				(1.8)		%				(15.2)		%
Valuation allowance			0.5		%				(0.2)		%				17.5		%
Other			(0.3)		%				(0.4)		%				0.4		%
Effective income tax rates			24.0		%				23.3		%				(42.2)		%

Reconciliation of Unrecognized Tax Benefits

The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:

(in thousands)			2022						2021						2020
Balance, January 1			$	11,147					$	10,193					$	7,738
Changes for tax positions of prior years			(31)						156						1,174
Increases for tax positions related to the current year			1,650						1,618						1,281
Settlements and lapsing of statutes of limitations			(890)						(820)						—
Balance, December 31			$	11,876					$	11,147					$	10,193

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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